Progress Announces Appointment of Kurt J. Abkemeier as Chief Financial Officer
BEDFORD, Mass.--(BUSINESS WIRE)--
Progress (NASDAQ: PRGS) today announced the appointment of Kurt J.
Abkemeier as its new chief financial officer. As CFO, Abkemeier will
oversee the company's global finance and accounting operations and be a
member of the company's executive leadership team, reporting to Phil
Pead, president and chief executive officer. Abkemeier succeeds Chris E.
Perkins, who informed the company in March 2016 that he would retire as
CFO upon the appointment of his successor. Abkemeier begins as CFO at
Progress on September 28, 2016.
"We are delighted with the appointment of Kurt Abkemeier after a search
process that considered a very strong field of candidates," said Pead.
"Kurt is an accomplished executive with significant financial and
operational expertise, including as a CFO, and will be an exceptional
addition to our team. Kurt has broad experience serving in global,
technology-driven companies and his depth of financial and operational
experience will be invaluable in helping us achieve our strategic
Pead added, "all of us at Progress thank Chris Perkins for his
leadership in helping to guide Progress during a period of significant
change at our company and we wish him well in his retirement."
Prior to joining Progress, from January 2014 to September 2016,
Abkemeier served as Chief Financial Officer and Executive Vice President
of Inteliquent, Inc., a leading voice and messaging interconnection
partner for communications service providers of all types. At
Inteliquent, he was responsible for its accounting and finance
functions, as well as the company's strategy and corporate development
activities. Previously, Abkemeier served as the Vice President of
Finance and Treasurer of Cbeyond, Inc. from 2005 to 2012. Abkemeier has
also held various senior management positions within
telecommunications-related companies and was a senior sell-side research
analyst at J.P. Morgan & Co. Abkemeier holds a Bachelor of Science
degree in applied economics from Cornell University and is a certified
"It is a tremendous opportunity to join Progress at such an exciting
time," said Abkemeier. "I'm looking forward to helping Progress succeed
in the next phases of its strategic transformation."
Progress Software Corporation
Progress (NASDAQ: PRGS) is a global
leader in application development, empowering the digital transformation
organizations need to create and sustain engaging user experiences in
today's evolving marketplace. With offerings spanning web, mobile and
data for on-premise and cloud environments, Progress powers startups and
industry titans worldwide, promoting success one customer at a time.
Learn about Progress at www.progress.com or
Progress is a trademark or registered trademarks of Progress Software
Corporation or one of its subsidiaries or affiliates in the U.S. and
other countries. Any other trademarks contained herein are the property
of their respective owners.
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Erica Burns, +1-888-365-2779 (x3135)
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